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ETFs

Invesco Exchange-Traded Fund Trust II Invesco Nasdaq Biotechnology ETF

IBBQ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 11 2021
Expense Ratio
0.19%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$177,252
AUM
$20,322,190
Associated Index
NASDAQ Biotechnology Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

VRTX
Vertex Pharmaceuticals, Inc.
7.99%
GILD
Gilead Sciences, Inc.
7.62%
AMGN
AMGEN Inc.
7.58%
REGN
Regeneron Pharmaceuticals, Inc.
7.49%
MRNA
Moderna Inc
4.76%
BIIB
Biogen Inc
4.12%
AZN
Astrazeneca plc - ADR
4.11%
SGEN
Seagen Inc
3.46%
ILMN
Illumina Inc
2.94%
ALNY
Alnylam Pharmaceuticals Inc
2.21%
Invest with IBBQ

What is IBBQ?

The Invesco Nasdaq Biotechnology ETF (Fund) is based on the Nasdaq Biotechnology Index (Index). The Fund will normally invest at least 90% of its total assets in the securities that comprise the Index. The Index is designed to measure the performance of securities listed on the Nasdaq Stock Market that are classified as either biotechnology or pharmaceutical companies. The Fund and the Index are reconstituted annually in December and rebalanced quarterly in March, June, September and December.

ETFs related toIBBQ

ETFs correlated to IBBQ include IBB, FBT, BBH

IBBQ
Invesco Exchange-Traded Fund Trust II - Invesco Nasdaq Biotechnology ETF
IBB
BlackRock Institutional Trust Company N.A. - iShares Biotechnology ETF
FBT
First Trust Exchange-Traded Fund III - First Trust NYSE Arca Biotechnology Index Fund
BBH
VanEck ETF Trust - VanEck Biotech ETF
XBI
SPDR Series Trust - SPDR Biotech ETF
LABU
Direxion Shares ETF Trust - Direxion Daily S&P Biotech Bull 3X Shares
FXH
First Trust Exchange-Traded Fund III - First Trust Health Care AlphaDEX Fund
XPH
SPDR Series Trust - SPDR Pharmaceuticals ETF
FHLC
Fidelity Covington Trust - Fidelity MSCI Health Care Index ETF
VHT
Vanguard Group, Inc. - Vanguard Health Care ETF
ARKG
ARK Investment Management LLC - ARK Genomic Revolution ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toIBBQ

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with IBBQ using Composer

FAQ

IBBQ is a US Equities ETF. The Invesco Nasdaq Biotechnology ETF (Fund) is based on the Nasdaq Biotechnology Index (Index). The Fund will normally invest at least 90% of its total assets in the securities that comprise the Index. The Index is designed to measure the performance of securities listed on the Nasdaq Stock Market that are classified as either biotechnology or pharmaceutical companies. The Fund and the Index are reconstituted annually in December and rebalanced quarterly in March, June, September and December.

IBBQ tracks the NASDAQ Biotechnology Index.

No, IBBQ is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, IBBQ is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on IBBQ is -0.0368%. This is the percent change in the value of IBBQ over the most recent 1-month period. The 3-month return on IBBQ is -0.0044%. This is the percent change in the value of IBBQ over the most recent 3-month period.

The standard deviation of IBBQ for the past year is 0.2414%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to IBBQ include BIS, XLI, and XLU.

ETFs correlated to IBBQ include IBB, FBT, and BBH.

ETFs that are inversely correlated to IBBQ include LABD, SRTY, and RWM.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.